Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Market Wrap: Weak Dollar, Strong NZD and Gold

Market Wrap: Weak Dollar, Strong NZD and Gold

Information is not investment advice

What you need to know on July 14

  • The earnings season has started strong! PepsiCo has published better-than-expected Q2 earnings results and surged to record highs. US banks: JPMorgan and Goldman Sachs beat earnings per share forecasts, but the stocks edged lower. Why? Banks have severe headwinds: drop in fixed-income trading, rising costs, and economic uncertainty.
  • Today, Bank of America, Wells Fargo, and Citigroup will reveal their financial results.
  • US inflation came out greater than expected and pushed the USD up. It refreshed the talks about when the Fed can start tightening the policy. Traders will await eagerly the speech of Fed’s Powell this week.
  • The NZD rocketed after the Reserve Bank of New Zealand claimed it would end quantitative easing this month. It surprised investors and led them to price in an interest-rate hike as early as August.

Technical outlook

EUR/USD keeps moving inside the descending channel. Yesterday, the US inflation jump pushed the USD up and thus pressed EUR/USD down significantly. Today, the pair is recovering the losses. It may rise to the 50-period moving average (MA) of 1.1835, but shouldn’t cross it on the first try. If it manages to do so, it may soar to the 100-period MA of 1.1880. Support levels are yesterday’s low of 1.1770 and 1.1750.

EURUSDH4.png

Gold keeps attacking the 38.2% Fibonacci retracement level of $1815. If the price jumps above this threshold, it should rise to the 50% Fibo level of $1833. It may happen as the US dollar is quite weak today. On the flip side, if gold fails to cross the $1815 barrier, it will drop to the 23.6% Fibo level of $1790.

XAUUSDDaily.png

NZD/USD surged above the psychological mark of 0.7000 due to RBNZ’s hawkish surprise. The pair is likely to rise to the 200-day moving average of 0.7070, where it should stop for a while. The breakout above the 200-day MA will push the pair up to the next round number of 0.7100. Support levels are 0.7000 and yesterday’s low of 0.6930.

NZDUSDDaily.png

LOG IN

Similar

Will the Fed Surprise Investors?

The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).

Popular

How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.

Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later